TVS Motor Company Limited has informed the Exchange regarding a press release dated May 22, 2025, titled "TVS Motor Company and OOR Cabs Join Hands to Deploy 500 Electric Three-Wheelers in Tamil Nadu".
TVSMOTOR · price
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TVS Motor Company has signed a Memorandum of Understanding with OOR Cabs Pvt. Ltd. to supply 500 units of its TVS King EV MAX electric three-wheelers during FY 2025-26. The deployment will focus on Tamil Nadu, starting with Trichy and later expanding to Madurai and Coimbatore. The first batch of 10 vehicles was ceremonially handed over in Trichy on May 22, 2025, with another 10 units scheduled for delivery in June 2025. OOR Cabs plans to add 20–30 vehicles per month. The TVS King EV MAX offers a 179 km range, Bluetooth connectivity, quick charging, and custom features like on-board drinking water, thermal insulation, and mobile charging ports.
This partnership strengthens TVS Motor's presence in the electric commercial mobility segment in Tamil Nadu and supports the company's broader push into green urban transport. While 500 units is a modest volume, the recurring monthly additions and expansion to multiple cities could provide a steady order pipeline and positive sentiment for the stock, especially amid India's growing EV adoption.